Quote:
Originally Posted by Cowboy89
My bad. You don't have to live in it the full year, but you must actually live in it for 'some time' during the year. However the cavet being that if you just do a quick flip could have implications on the 'number of years of principle residence' on your next property and would effect its taxation when that one's sold. Which could be soon if a two-bedroom apartment isn't sufficient for a larger family.
http://www.cra-arc.gc.ca/tax/individ...hat/how-e.html |
Phew, thanks! You had me worried.
